McDonald’s (NYSE:MCD) Stock Price Expected to Rise, KeyCorp Analyst Says

McDonald’s (NYSE:MCD) had its target price raised by research analysts at KeyCorp from $320.00 to $335.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the fast-food giant’s stock. KeyCorp’s price target indicates a potential upside of 8.72% from the stock’s previous close.

Several other research analysts have also recently commented on MCD. TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Finally, Wedbush increased their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.65.

McDonald’s Stock Down 0.1 %

Shares of MCD stock opened at $308.14 on Tuesday. McDonald’s has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s 50 day moving average price is $291.02 and its two-hundred day moving average price is $291.56. The stock has a market cap of $220.82 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, equities analysts forecast that McDonald’s will post 11.73 EPS for the current fiscal year.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,406 shares of company stock valued at $2,150,857. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. raised its holdings in shares of McDonald’s by 0.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 318,805 shares of the fast-food giant’s stock worth $92,418,000 after purchasing an additional 1,316 shares in the last quarter. Next Capital Management LLC grew its position in McDonald’s by 4.1% in the fourth quarter. Next Capital Management LLC now owns 4,472 shares of the fast-food giant’s stock worth $1,296,000 after buying an additional 176 shares during the last quarter. Generali Investments Management Co LLC bought a new position in shares of McDonald’s in the fourth quarter valued at $4,939,000. GM Advisory Group LLC lifted its position in shares of McDonald’s by 14.7% during the 4th quarter. GM Advisory Group LLC now owns 2,386 shares of the fast-food giant’s stock valued at $692,000 after acquiring an additional 305 shares during the last quarter. Finally, Stokes Family Office LLC boosted its stake in shares of McDonald’s by 41.6% during the 4th quarter. Stokes Family Office LLC now owns 8,396 shares of the fast-food giant’s stock worth $2,434,000 after acquiring an additional 2,465 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.